Use cases of Vena Solutions
Vena Solutions is used by more than 800 companies, and counting. Transforming Excel into a powerhouse of information and flexibility, it consolidates company-wide information into a central database. Powerful yet flexible, you’re able to drill down into more data than you thought possible, have 24/7 access to real-time updates, and compile reports instantly.
On each of the following pages you can find more information about Vena’s specific functionality and how it can transform your approach to finances.
Vena lets you look at the hard numbers of the past, present, and future, giving you unparalleled clarity over your company’s finances. Scenario modeling allows you to spread the numbers across the year in any way you want, model different projections, and visualize the impact of potential changes on both expenses and revenue.
BI utilizes technology to analyze data, delivering actionable information for decision makers. Compiling information from internal and external sources, including company systems, data visualizations are created and put into business intelligence dashboards and reports, enabling decision-makers to utilize them for strategic planning.
Financial planning & analysis (FP&A)
FP&A is the catch-all term for a company's budgeting, forecasting, and analytical processes. Senior management within an organization use it to make major decisions within the business, including how to manage cashflow and consider structured financial planning.
Financial modeling is a mathematical model that represents a business’ likely performance against a given financial situation in the future. It enables senior staff and other decision makers to make informed choices in a wide range of considerations, including but not limited to budgeting, capital allocation, acquisitions, raising debt and/or equity, growth plans, and forecasting for the years ahead.
With financial reporting, key information is shared with internal and external stakeholders to inform of the organization’s financial health during a given period of time. Financial reporting can include a wide variety of information, including but not limited to financial statements of balance, cash flows, income and equity; minutes on quarterly earnings; reports to stockholders; and financial reports to government agencies including the SEC.
Sales and operations planning (S&OP)
Sales and operation planning is an integrated business management process that enables the decision-makers of an organization to know where they currently are and whether or not they’re on track to meet targets. It facilitates cross-team coordination, improves inventory management and the customer experience, and makes profitability a realistic expectation.
Budgeting tools are the gateway to setting and reaching goals. They make it possible to accurately predict future income, and give clarity over expenses. But it's been reported that up to 90% of spreadsheets contain errors, a problem that's eradicated with software.
Financial statement analysis
Financial statement analysis is the analyzation of an organization’s financial statements, from which important decisions are made. The analysis is used internally and by external people to consider the value of a business, evaluate its performance, and see its overall financial health.
Commission needs to be appealing to the salesforce but also ensure customer service and business performance aren’t negatively impacted. In order to get it right from the outset and not make unpopular changes, commission planning is key.
Where forecasting looks ahead at realistic targets and likely scenarios, scenario planning considers unplanned and unlikely events, and the potential impact on your business - giving you opportunity to devise contingency plans.
Financial management software
Financial management software plays an essential role in managing assets, income, and outgoings, while also reducing errors, providing audit trails, and helping to improve collaboration across a company.
Corporate performance management (CPM) software
Corporate Performance Management (CPM) software is a subset of business intelligence (BI) and brings everything into alignment: processes, strategies, goals, performance, KPIs, revenue, expenses, and more. The result is intelligent insights and far greater clarity over operations, planning, forecasting, and data reporting.